}
Columbus Consolidated Government
Council Meeting
9/13/2016
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To
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Mayor and Council
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Subject
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Tax Allocation District Redevelopment Plan (TADRP): MidTown Columbus
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Initiator
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MidTown Inc / Columbus Consolidated Government
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Recommendation
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The Planning Department recommends approval of the proposed TADRP: MidTown \n \n Columbus.
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Approval
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Pending
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Background
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This plan presents the rationale, boundaries, fiscal data and proposed projects
which could result from the formation of the Columbus Consolidated Government,
Tax Allocation Districts #5? MidTown West and Tax Allocation District #6?
MidTown East. This redevelopment plan was prepared by Bleakly Advisory Group,
Inc. (BAG) in conformance with the provisions of Georgia Redevelopment Powers
Law (O.C.G.A. Title 36 Chapter 44) which governs the creation of the Tax
Allocation Districts (TADs) in the state. This plan was prepared in cooperation
with the City of Columbus, on behalf of MidTown, Inc.
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Analysis
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The purpose of the proposed TADs is to support new commercial and residential
infill development within the MidTown Redevelopment Area. Together the two TADs
will help future developers overcome deficient public infrastructure, address
off-site costs and other impediments which have made development of many
MidTown properties economically unfeasible to date.
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Financial Considerations
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See attached proposed TAD.
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Projected Annual Fiscal Impact Statement
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N/A
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Legal Considerations
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The proposed area meets the statutory definition of a Redevelopment Area under
five specific provisions of the Redevelopment Powers Law.
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Recommendations/ Actions
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The Planning Department recommends approval of the proposed TADRP: MidTown
Columbus.